DELIVEROO PLC

Remuneration Information • Mar 31, 2023

National Storage Mechanism | Additional information

RNS Number : 0116V

Deliveroo PLC

31 March 2023

31 March 2023

Deliveroo plc ("the Company")

Notifications of transactions by Persons Discharging Managerial Responsibility ("PDMR")

2023 Performance Share Plan and Buy-out Awards

This announcement is made in accordance with the Market Abuse Regulation ("MAR") and relates to Scilla Grimble, Chief Financial Officer ("CFO"), being granted nil cost options on 29 March 2023 under the Deliveroo Incentive Plan.

1.   2023 Performance Share Plan ("PSP"): Award granted on 29 March 2023

An award of nil-cost options to acquire 2,861,394 Ordinary shares was made to Scilla Grimble. The number of shares over which the nil-cost options were awarded is equivalent to 500% of salary.  The PSP Award is subject to stretching performance targets.

Full details of the performance targets are set out in the Company's 2022 Annual Report and Accounts (the "2022 Annual Report").  Performance is measured over three years with a further two-year post vesting holding period.

The Remuneration Committee will have the discretion to adjust the PSP Award outcomes if it believes that the outcome is not a fair and accurate reflection of business performance, which also includes consideration of any windfall gains. The exercise of this discretion may result in a downward or upward movement in the amount of the PSP Award.

2.   Buy-out awards

As set out in the announcement dated 20 June 2022, it was agreed that buy-out awards (the "Buy-out Awards") would be made to Scilla as compensation for incentives forfeited on leaving her previous employer, Moneysupermarket.com plc.

The Buy-out Awards set out below will vest subject to Scilla's continued service with the Company and to the satisfaction of specified conditions.  Further details of the Buy-out awards are set out in the 2022 Annual Report in the Directors' Remuneration Report on pages 121 and 122.

As set out in the Directors' Remuneration Report, it is intended that a further buy-out award will be granted to Scilla in respect of the one-third deferred component of the 2022 annual bonus she forfeited upon resigning from her previous employer. As the number of shares over which the award is intended to be granted is not yet known, details of this will be set out in a separate announcement.

The attached notifications, which have been made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018), provide further detail.

Scilla Grimble - PSP Award

1.        

Details of the person discharging managerial responsibilities/person closely associated

(a)       

Name

Scilla Grimble

2.        

Reason for the notification

(a)       

Position/status

Chief Financial Officer

(b)       

Initial notification/ Amendment

Initial notification

3.        

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)       

Name

Deliveroo plc

(b)       

LEI

984500F6537F74DDEE77

4.        

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)       

Description of the financial instrument, type of instrument

Class A Ordinary Shares of 0.5p each

(b)       

Identification code

ISIN: GB00BNC5T391

(c)       

Nature of the transaction

Grant of nil cost options under the Deliveroo Incentive Plan.

(d)       

Price(s) and volume(s)

Price(s)	Volume(s)
£0.8737	2,861,394

(e)       

Aggregated information

-     Aggregated volume

-     Price

Single Transaction

2,861,394

£2,499,999.94

(f)       

Date of the transaction

29 March 2023

(g)       

Place of the transaction

Outside a trading venue

Scilla Grimble - Buy-Out Awards

1.        

Details of the person discharging managerial responsibilities/person closely associated

(a)       

Name

Scilla Grimble

2.        

Reason for the notification

(a)       

Position/status

Chief Financial Officer

(b)       

Initial notification/ Amendment

Initial notification

3.        

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)       

Name

Deliveroo plc

(b)       

LEI

984500F6537F74DDEE77

4.        

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

(a)       

Description of the financial instrument, type of instrument

Class A Ordinary Shares of 0.5p each

(b)       

Identification code

ISIN: GB00BNC5T391

(c)       

Nature of the transaction

Grant of a nil cost options under the Deliveroo Incentive Plan for the buy-out awards to Scilla Grimble as compensation for incentives forfeited on leaving her previous employer, Moneysupermarket.com plc.

(d)       

Price(s) and volume(s)

Award	Price(s)	Volume(s)
2021 LTIP award	£0.9074	129,932
2022 LTIP award	£0.9179	797,635

(e)       

Aggregated information

-     Aggregated volume

-     Price

Single Transaction

Award	Price(s)	Volume(s)
2021 LTIP award	£117,900.30	129,932
2022 LTIP award	£732,149.17	797,635

(f)       

Date of the transaction

29 March 2023

(g)       

Place of the transaction

Outside a trading venue

Contacts
Investor relations
David Hancock, VP Finance, Strategy & IR Tim Warrington, Investor Relations Director  Rohan Chitale, Investor Relations Director	investors@deliveroo.co.uk
Media relations
Joe Carberry, VP Policy & Communications	07787 561 905
Tulchan Communications, James Macey White, Jessica Reid, Mark Burgess	deliveroo@tulchangroup.com

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